2

The Australian government was aware that the application of the national consumer credit regime to payday lenders would trigger a wave of consolidation across the sector, according to documents obtain.. read more

In the wake of the Australian Securities and Investments commission's landmark victory in its case against payday lender, The Cash Store, one of the questions being asked is whether the obligations of.. read more

The Australian Securities and Investments Commission's victory in its case against two payday lenders may be of limited value as precedent because the matter was uncontested. Lawyers analysing the cas.. read more

Austrac's use of its power to cancel or suspend the registration of remitters has been highly effective in reducing the risks associated with money laundering, terrorism and financial crime, the anti-.. read more

Representatives of the remittance industry met with a government committee this week in a bid to find a resolution to the situation that has led to all of Australia's big banks closing the accounts of.. read more

Remittance providers have warned that their industry will be forced to either close down or "go underground", as Australian banks decline to provide them with clearing access because of money launderi.. read more

A Senate inquiry will scrutinise how Qantas and Virgin Australia were able to secure private "no-action" letters from the Australian Securities and Investments Commission, which allowed the airlines t.. read more

ASIC has approved the most extensive mail-out of unsolicited MasterCard and Visa products in Australia's history, giving the issuers relief from a law that could have blocked the campaign. It has gi.. read more